$450,000
SOLD JUN 18, 2024
-- Bed
-- Bath
1,800 Sq Ft
880 Sq Ft Lot

Recently Sold

$250 Per Sq Ft

5% Below List Price

17 Days on Market

Highlights

  • 2 Fireplaces
  • Forced Air Heating and Cooling System
  • Property is in excellent condition

About This Home

As of June 2024

4 Reasons Why 1632 S. Charles is A Great Investment- 1: Well-Maintained and Modernized 2-Unit Property Offers You the Advantage of Reduced Maintenance Expenses Throughout Your Ownership, Optimizing Your Financial Investment. 2: Federal Hill Holds a Prominent Status as One of Baltimore City’s Most Sought-After Neighborhoods, Consistently Attracting Quality Renters. 3: 1632 South Charles Main Apartment Offers Spacious Room Sizes & Rooftop Deck with Awesome Views, Making This an Investment You Can Be Proud to Own. 4: Tenants Can Walk to M&T Bank Stadium, the Proud Home of the Baltimore Ravens, as well as Oriole Park at Camden Yards, Enhancing Their Experience of This Vibrant City Life. This 2-unit Federal Hill investment property has undergone high-quality renovations; no square footage of living space is underutilized. Apartment A is generously spacious, spanning all three above-grade levels and featuring a private rooftop deck. Tenants appreciate the hardwood floors throughout and the added convenience of a half-bathroom on the first floor. The eat-in kitchen boasts granite counters, wood cabinetry, and a stainless-steel appliance suite, including a French-door refrigerator with a bottom freezer, dishwasher, built-in microwave, and 5-burner gas range. A timeless tiled backsplash, high ceilings, and recessed lighting add a touch of elegance, which tenants value. On the second floor, bedrooms face east and west, allowing ample natural light to illuminate these large rooms. Two full bathrooms are located on this floor, one serving as an en-suite with a shower stall, while the other offers a private bath with a vinyl tub and enclosure. The third floor accommodates another bedroom and full bathroom, along with the laundry room and access to the rooftop deck.

Apartment B features a private entry along South Charles Street and similar upgraded finishes. The kitchen features granite counters, wood shaker cabinetry, a gas range, built-in microwave, dishwasher, and disposal. The bedroom is situated in the rear, with walk-out access to the private, fenced-in yard. Utilities and systems are fully separated, with each tenant paying for their own gas, electric and hot water. The landlord currently pays for cold water and sewer. Each apartment has its own gas-fired furnace with central air conditioning, in addition to electric water heaters, both replaced in 2021. All interior water supply lines have been upgraded to C-PVC and observable interior drain lines are PVC. Residents appreciate the location, sense of community, vibrant city lifestyle and ease of transit that Federal Hill offers.

SoBo (South Baltimore) is known for attracting young professionals with ample disposable income. Further away from universities, SoBo is home to national and international businesses that occupy skyscrapers and decorate their names on them. Many Federal hill residents are employed by these Forbes 500 companies.
Recently, the community rallied to support a newly opened bakery, Zoes Just Dezzerts: Baltimore City’s first neuro-divergent place of employment. Federal Hill has a strong community association, sponsoring tree planting, seasonal clean-ups, music festivals and more. “I Love SoBo Day” is sponsored by the association and takes place this April 27th, 2024.
SoBo is home to many of Baltimore’s best bars and restaurants, which appeal to this demographic of renters. Limoncello, voted one of Baltimore’s Best Restaurants for 2023, is a short 5-minute drive into Locust Point. Don’t want to drive? A short ten-minute walk gets tenants to the “Fed Hill” block of bars, with legendary bars like Mother’s and Ropewalk Tavern still going strong.
Commuters have quick access to I-95, for points north and south; 695 for points east and west, and I-295 for a straight shot to Washington DC. Light Rail connections are located at both stadiums, and BWI airport is less than 20 minutes away.

Last Agent to Sell the Property

Will Cannon

(410) 916-3331 wcannon3@gmail.com Ben Frederick Realty, Inc. Listed on: 04/12/2024

Co-Listed By

Cheryl Sadera

(410) 688-1348 cheryl@benfrederick.com Ben Frederick Realty, Inc. License #666796

Last Buyer's Agent

Lynn Brooker

(301) 980-3772 lynn.brooker@cbmove.com Coldwell Banker Realty License #590673

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,075

Year Built

  • Built in 1900

Lot Details

  • 880 Sq Ft Lot
  • Lot Dimensions are 11' x 80'
  • Ground Rent of $60 semi-annually expires in 99 years
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2 Fireplaces

Finished Basement

  • Basement Fills Entire Space Under The House
  • Front and Rear Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units
  • Federal Hill Historic District Subdivision

Listing and Financial Details

  • Tax Lot 049
  • Assessor Parcel Number 0323081013 049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,075

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Ground Rent
  • Exclusions: Tenant's possessions do not transfer.
  • Inclusions: 2 refrigerators, 2 gas ranges; 2 dishwashers; 2 OTR microwaves, 1 full sized clothes washer, 1 full sized clothes dryer, 1 stacked washer and dryer
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: 4 Reasons Why 1632 S. Charles is A Great Investment- 1: Well-Maintained and Modernized 2-Unit Property Offers You the Advantage of Reduced Maintenance Expenses Throughout Your Ownership, Optimizing Your Financial Investment. 2: Federal Hill Holds a Prominent Status as One of Baltimore City’s Most Sought-After Neighborhoods, Consistently Attracting Quality Renters. 3: 1632 South Charles Main Apartment Offers Spacious Room Sizes & Rooftop Deck with Awesome Views, Making This an Investment You Can Be Proud to Own. 4: Tenants Can Walk to M&T Bank Stadium, the Proud Home of the Baltimore Ravens, as well as Oriole Park at Camden Yards, Enhancing Their Experience of This Vibrant City Life. This 2-unit Federal Hill investment property has undergone high-quality renovations; no square footage of living space is underutilized. Apartment A is generously spacious, spanning all three above-grade levels and featuring a private rooftop deck. Tenants appreciate the hardwood floors throughout and the added convenience of a half-bathroom on the first floor. The eat-in kitchen boasts granite counters, wood cabinetry, and a stainless-steel appliance suite, including a French-door refrigerator with a bottom freezer, dishwasher, built-in microwave, and 5-burner gas range. A timeless tiled backsplash, high ceilings, and recessed lighting add a touch of elegance, which tenants value. On the second floor, bedrooms face east and west, allowing ample natural light to illuminate these large rooms. Two full bathrooms are located on this floor, one serving as an en-suite with a shower stall, while the other offers a private bath with a vinyl tub and enclosure. The third floor accommodates another bedroom and full bathroom, along with the laundry room and access to the rooftop deck. Apartment B features a private entry along South Charles Street and similar upgraded finishes. The kitchen features granite counters, wood shaker cabinetry, a gas range, built-in microwave, dishwasher, and disposal. The bedroom is situated in the rear, with walk-out access to the private, fenced-in yard. Utilities and systems are fully separated, with each tenant paying for their own gas, electric and hot water. The landlord currently pays for cold water and sewer. Each apartment has its own gas-fired furnace with central air conditioning, in addition to electric water heaters, both replaced in 2021. All interior water supply lines have been upgraded to C-PVC and observable interior drain lines are PVC. Residents appreciate the location, sense of community, vibrant city lifestyle and ease of transit that Federal Hill offers. SoBo (South Baltimore) is known for attracting young professionals with ample disposable income. Further away from universities, SoBo is home to national and international businesses that occupy skyscrapers and decorate their names on them. Many Federal hill residents are employed by these Forbes 500 companies. Recently, the community rallied to support a newly opened bakery, Zoes Just Dezzerts: Baltimore City’s first neuro-divergent place of employment. Federal Hill has a strong community association, sponsoring tree planting, seasonal clean-ups, music festivals and more. “I Love SoBo Day” is sponsored by the association and takes place this April 27th, 2024. SoBo is home to many of Baltimore’s best bars and restaurants, which appeal to this demographic of renters. Limoncello, voted one of Baltimore’s Best Restaurants for 2023, is a short 5-minute drive into Locust Point. Don’t want to drive? A short ten-minute walk gets tenants to the “Fed Hill” block of bars, with legendary bars like Mother’s and Ropewalk Tavern still going strong. Commuters have quick access to I-95, for points north and south; 695 for points east and west, and I-295 for a straight shot to Washington DC. Light Rail connections are located at both stadiums, and BWI airport is less than 20 minutes away.
  • Special Features: None

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Basement: Yes
  • Basement Type: Full, Front Entrance, Fully Finished, Rear Entrance
  • Total Sq Ft: 2442
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 263.89
  • Above Grade Finished Sq Ft: 1800
  • Below Grade Sq Ft: 642
  • Total Below Grade Sq Ft: 642
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1632

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.02
  • Lot Dimensions: 11' x 80'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 880.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R-8
  • Zoning Description: Licensed for 2 Dwelling Units
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 60.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Ground Rent Years Remaining: 99
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7075.00
  • Assessor Parcel Number: 0323081013 049
  • Tax Lot: 049
  • Tax Total Finished Sq Ft: 1800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/18/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jun 18, 2024
Sold by
Wilson Taylor
Bought by
Chaniyara Jay Bharat
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Lynn Brooker
Coldwell Banker Realty
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
47
Current Estimated Value
$453,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,970
Avg. Annual Appreciation
2.07%
Original Mortgage
$250,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2018
Closed on
Dec 6, 2018
Sold by
Rosenstein Properties Llc
Bought by
Wilson Taylor
Seller's Agent
Erik Dorsey
NOVA Brokers, LLC.
Buyer's Agent
James Weiskerger
Next Step Realty
List Price
$314,999
Sold Price
$305,000
Premium/Discount to List
-$9,999
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$295,850
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2014
Closed on
Nov 20, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rosenstein Properties Llc
Seller's Agent
Gina Gargeu
Century 21 Downtown
Buyer's Agent
Tom Coard
Berkshire Hathaway HomeServices Homesale Realty
List Price
$289,900
Sold Price
$271,000
Premium/Discount to List
-$18,900
-6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%

Purchase Details

Closed on
Aug 5, 2014
Sold by
Reda Jennifer
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 22, 2001
Sold by
Bankers Trust Company Of
Bought by
Abbott Jennifer G
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $450,000 None Listed On Document
Deed $305,000 Definitive Title Llc
Deed $271,000 None Available
Trustee Deed -- None Available
Deed $59,000 --
Deed $59,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Previous Owner $295,850 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $450,000 -5.3% $250 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $475,000 +55.7% $264 / Sq Ft
12/06/2018 12/06/18 Sold $305,000 -3.2% $160 / Sq Ft
09/29/2018 09/29/18 For Sale $314,999 +16.2% $165 / Sq Ft
11/21/2014 11/21/14 Sold $271,000 -6.5% $151 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
09/24/2014 09/24/14 For Sale $289,900 -- $161 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,783 $334,067 -- --
2024 $6,783 $316,933 $0 $0
2023 $7,075 $299,800 $140,000 $159,800
2022 $6,633 $299,800 $140,000 $159,800
2021 $7,075 $299,800 $140,000 $159,800
2020 $7,180 $326,600 $140,000 $186,600
2019 $7,144 $326,600 $140,000 $186,600
2018 $7,708 $326,600 $140,000 $186,600
2017 $8,359 $354,200 $0 $0
2016 $6,395 $326,433 $0 $0
2015 $6,395 $298,667 $0 $0
2014 $6,395 $270,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2121296

Bright MLS

APN: 1013-049